Global Organic Food and Beverage Market is estimated to be $78.2 billion in 2014 and is expected to reach $238.4 billion by 2022, at a CAGR of 15.0% from 2014 to 2022. It is driven by the factors like growing consumer awareness, growing government support for organic agriculture, increasing interest of large retailers, health benefits and the promotion by regulatory and government authorities of several countries for organic food and beverages over the conventional food.
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The Global Organic Food and Beverage Market is segmented by products and geography. On the basis of products, it is segmented to Organic Food and Organic Beverages. Organic food is sub segmented into organic fruits and vegetables, organic dairy products, fish and poultry products and others. Organic beverages are sub segmented into organic coffee and tea, organic non-dairy beverages, organic beer and wine and others. By geography, it is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America has the largest share in Organic Foods and Beverages Market followed by Europe. Whereas Asia and Latin American regions are believed to witness the strong CAGR during the forecast period.
The key players in Organic Foods and Beverages Market include Conagra Foods Inc., Amys Kitchen Inc., Kraft Foods Group Inc., Eden Foods, Dean Foods Co., Organic Valley, Dakota Beef LLC, Whole Foods Market Inc., Tesco plc and Waitrose Ltd.
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